Tax Exemption to third Pakistan International Sukuk Company Ltd from Income Tax

GOVERNMENT OF PAKISTAN
REVENUE DIVISION
FEDERAL BOARD OF REVENUE

Islamabad, the 30th September, 2016.

NOTIFICATION
(INCOME TAX)

S.R.O. 924(I)/2016. - In exercise of the power conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001(XLIX of 2001), the Federal Government is pleased to direct that the following further amendments shall be made in the Second Schedule to the said Ordinance, namely:-

In the aforesaid Schedule,-

(1) in Part I,-

(a) in clause (66), after sub-clause (xxxiv), the following new sub-clause shall be added, namely:-

"(xxxv) Third Pakistan International Sukuk Company Limited."; and

(b) in clause (72A), after the expression "Limited" " the expression "and the Third Pakistan International Sukuk Company Limited" shall be inserted;

(2) in Part IV,-

(a) in clause (1A), after the expression "Limited" " the expression "and the Third Pakistan International Sukuk Company Limited" shall be added;

(b) in clause (11A), after sub-clause (xxvii), the following new sub-clause shall be added, namely:-

"(xxviii) Third Pakistan International Sukuk Company Limited."; and

(c) in clauses (95) and (96), after the expression "Limited" ", wherever occurring, the expression "and the Third Pakistan International Sukuk Company Limited" " shall be inserted.

[F.No.4(125)IT-Budget/2016]

(Shaukat Ali)
Member (Legal)/
Additional Secretary